Browsing Tag

VAT

IGTF will exempt cryptocurrency operations

Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large…

El Salvador will create the Bitcoin city

El Salvador will create the Bitcoin City. This was announced by the President of the Republic of El Salvador, Nayib Bukele, within the framework of the closing of the “Bitcoin Week” event, which aimed to promote blockchain technology. The…

Costa Rica proposes 13 % tax on cryptocurrencies

Costa Rica proposes a 13 % tax on cryptocurrencies. The Costa Rican General Directorate of Taxation proposes to collect the tax on cryptocurrencies equivalent to a 13 % value added tax (VAT) for the purchase of crypto assets. Additionally,…

Germany registers a slight increase in inflation

Year-on-year inflation in the leading power in the euro zone rose to 3.9 % in August. This was reported by the German Federal Statistical Office (Destatis). This is the highest number recorded by this nation in the last 28 years. In…

VAT fraud threatens Spain revenues

Spain stopped receiving €1,806 million euros from VAT in 2017, which represents 2% of the 75,107 million it should have collected in full for that concept, according to a report published by the European Commission. The figure is a…